Articles Tagged with ''Black Knight''

Built Technologies continues to seek to revolutionize the construction industry with its new integration with Black Knight’s LoanSphere platform for digital construction loans. Built explained that with its integration with Black Knight, any construction loan can be digitally managed throughout the loan life cycle – from origination through servicing.

Black Knight, fresh off a fourth quarter that saw its year-over-year earnings increase by nearly $136 million, is about to have a new leader. In conjunction with announcing its fourth quarter earnings, Black Knight announced that it is naming Anthony Jabbour as the company’s new CEO.

Mortgage analytics and software provider Black Knight announced its results for both the fourth quarter of 2017 and for the full year. The company reports revenues for the fourth quarter of 2017 increased 2% to $267.5 million from $261.5 million in the prior year quarter.

Black Knight, which already facilitates much of the real estate transaction with its loan origination and servicing systems, is set to unveil an end-to-end digital mortgage solution that the company claims is well beyond all other eClosing or eMortgage platforms.

The core of Black Knight’s servicing solutions is LoanSphere MSP — the mortgage industry’s leading servicing system — which supports all sizes of portfolios, loan types and processes. The system automates all areas of loan servicing, including setup and maintenance, customer service, cashiering, escrow administration, investor accounting and default management.

Citibank announced Monday agreements with two digital technology platforms to offer its new single digital platform for its clients. The new digital capabilities will allow CitiMortgage clients to complete the full loan cycle, from research to application, processing, scheduling appraisals, handing title, to closing through one digital platform.

The amount of tappable mortgage equity increased in 2017 to an all-time high. In fact, Black Knight’s latest report shows currently, more than 80% of all mortgage holders now have available equity to tap via cash-out refinances or HELOCs.

Black Knight recently announced Chip McAvoy, vice president and real estate market leader for Black Knight’s Data & Analytics division, was elected to the Real Estate Standards Organization’s board of directors for 2018. In his new position, McAvoy will represent technology companies with annual revenue greater than $25 million.

Black Knight launched new robotics technology, which allows its LOS platform to perform certain tasks without human interference. The technology will actively monitor the LOS for key data changes or even lack of changes in order to trigger automated or manual tasks which need to be completed.

This month inHousingWire magazine

[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.

Feature

Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.

Commentary

We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.